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Just read through the latest security reports and honestly, I am concerned. The phishing losses are simply enormous, over $300 million in January. That almost overshadows the other issues, but crypto hacks remain a serious topic.
A total of 16 hacking incidents in January with $86 million in damages, which is actually a bit less than in January the previous year, but significantly more than in December. What shocks me the most: Step Finance with nearly $29 million, then Truebit Protocol with $26 million, SwapNet with $13 million. These are huge sums for individual projects.
The larger crypto hacks clearly show that security in this sector is far from solved. At least with Makinafi, they managed to recover $2.7 million, but that’s only a small part. Phishing remains the main problem; apparently, projects just can't get a proper handle on it.